FSBW news

FS Bancorp announced the appointment of President Matthew D. Mullet to its Board of Directors. Mullet is an existing company executive who has overseen operations since 2024 and assumes an official governance role upon ratification of the appointment.

FS Bancorp reported a $4.9 million third-quarter net loss of $0.63 per diluted share and declared its 55th consecutive quarterly cash dividend of $0.29 per share, while continuing the integration of its recent acquisition of Pacific West Bank.

FS Bancorp's Board authorized a $5 million share repurchase program to be executed through open market or private transactions over the next year, reflecting management's confidence in the company's capital allocation.

FS Bancorp completed the acquisition of Pacific West Bancorp effective August 19, 2026, to expand its presence in Oregon. The deal involved 430,176 shares of common stock and cash.

FSB reported solid Q2 earnings of $7.9 million despite a 7.2% drop in total deposits, driven by a credit union merger initiative. The company also declared its 54th consecutive quarterly cash dividend.

FS Bancorp, Inc. announced that Matthew D. Mullet has been promoted to CEO of the holding company, succeeding Joe Adams who retired on May 31, 2026, as part of a previously announced succession plan. Mullet, who has served as President and CEO of 1st Security Bank since his previous role as CFO begi…